20. How will the market for eggs be affected when news that eggs have many more positive health benefits than nutritionists once believed is released? S: P . b. P S P: PI D D Q. Q Q D Q 91 92 S d. S: P c. S; P P P: D P: D D 0. Q. Ques 92 Q: Q 5 21. Consider the market for face paint. What happens to equilibrium price and quantity in the market for face paint if the key ingredient in the production of face paint doubles in price and at the same time consumer Reports states that it is much safer for children to use face paint than to wear masks when dressing in costume. 2. The effect on quantity is ambiguous but price will fall. b. The effect on quantity is ambiguous but price will rise. c. The effect on price is ambiguous but quantity will fall, d. The effect on price is ambiguous but quantity will rise. 22. Consider the market for candy coated marshmallow pumpkins. Demand and supply in the market are characterized by the following equations. Find equilibrium price and quantity in the market. Demand: Q46-22P Supply: Qs - 19+3P a. Q'-108 pe-$22.24 b. 0.22 24 P-5108 c. Q'-29.26 p-53.42 d. 0-25.54 p* $0.93